2015 Latin American and Caribbean Macroeconomic Report: The Labyrinth: How Can Latin America and the Caribbean Navigate the Global Economy

The 2015 Latin American and Caribbean Macroeconomic Report argues that the region is in the midst of a labyrinth and must navigate several global and domestic obstacles -including lower commodity prices and new types of financial risks- to ensure strong and sustainable growth. The report suggests that many countries must make fiscal adjustments to avoid higher debt without compromising the significant social gains of recent years, and details both the types and speed of policies that may be adopted. The report urges each country to fashion its own specific response based on its particular circumstances and further enhance productivity to attain higher, long-term growth.